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0 comments Thursday 31 Oct 2002 | Posted By Ed Aboufadel | Predictions

Oops — prices went up today, and I have only a 1/4 tank. Earlier today, I repeated my observation that Wholesale energy prices have fallen dramatically. This was true in the Chicago market, too, until, well, today. Wholesale prices in Chicago are 15-18 cents higher than in New York right now. This [...]

0 comments Monday 28 Oct 2002 | Posted By Ed Aboufadel | Predictions

Wholesale energy prices fell dramatically last week. I expect this to be reflected in pump prices by the end of this week. I predict $1.40 by Friday. WRONG! On Halloween morning, prices in Standale reset to $1.58. This one doesn’t make a lot of sense to me.

0 comments Monday 21 Oct 2002 | Posted By Ed Aboufadel | Predictions

I’ve got a temporary source of Chicago wholesale prices. They are 93 cents today, which corresponds to $1.58 a gallon (with a 20-cent margin.) As that is the current price, more or less, I predict prices to gently fall this week, with no price hike. CORRECT! In fact, prices seemed to reset [...]

0 comments Monday 14 Oct 2002 | Posted By Ed Aboufadel | Predictions

Prices didn’t drop much if at all this weekend. I was surprised to see that prices in Allendale have now gone up to match the Grand Rapids Prices. Meanwhile, futures prices are climbing today, and I’m hearing about some possible supply problems in the Midwest. All of a sudden, I’ve got a [...]

0 comments Friday 11 Oct 2002 | Posted By Ed Aboufadel | Predictions

With the end of summer, prices should be dropping sharply, but hurricanes, a refinery fire, and Iraq tensions have kept them up. Although Congress has spoken, I don’t think we’ll start with Iraq until after the elections, so I’m going out on a limb here and predicting that prices drop 1-3 cents per day [...]

0 comments Tuesday 08 Oct 2002 | Posted By Ed Aboufadel | Predictions

I heard this morning about a refinery fire this weekend in Toledo. It is keeping wholesale prices in the region higher than elsewhere in the country, so we could be in trouble, price-wise. No prediction for now, but be prepared for a quick fill-up if you see one station price unleaded above $1.60. [...]